Monthly Archives: February 2012

Declaration for No TDS on Interest under Senior Citizens Savings Scheme – Clarification

      4 Comments on Declaration for No TDS on Interest under Senior Citizens Savings Scheme – Clarification

The Government has issued followed clarification regarding Senior Citizens Saving Scheme: An individual resident in Indian of sixty-five years of age or above may furnish a declaration in Form No…. Read more »

TDS credit to be allowed if difference between TDS claim and TDS in AS-26 data does not exceed Rs. One lakh

      1 Comment on TDS credit to be allowed if difference between TDS claim and TDS in AS-26 data does not exceed Rs. One lakh

TDS credit to be allowed if difference between the TDS claim and matching TDS amount reported in AS-26 data does not exceed Rs. One lac. Section 143 of the Income-tax… Read more »

TDS Not to be Deducted on Declaration Furnished by Payee

      5 Comments on TDS Not to be Deducted on Declaration Furnished by Payee

As per Section 197, TDS shall not be deducted at source in certain cases where the payee furnishes a declaration in writing that the tax on his estimated total income… Read more »